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Hogan Lovells Advises on Hong Kong IPO of CIFI Holdings

HONG KONG, 19 December 2012 - Hogan Lovells has advised the underwriters, including Morgan Stanley Asia Limited, Citigroup Global Markets Asia Limited, Standard Chartered Securities (Hong Kong) Limited, BOCOM International Securities Limited, First Shanghai Securities Limited and CCB International Capital Limited, on the Hong Kong IPO and Rule 144A placing of CIFI Holdings (Group) Co., Ltd. ("CIFI"), a PRC real estate developer.

The IPO price was set at HK$1.33 per share, raising approximately US$214 million.  CIFI was listed on the Main Board of the Hong Kong Stock Exchange on 23 November 2012.

Founded in 2000, CIFI is a Shanghai-based company with a total of 43 property projects in 11 mainland cities across the Yangtze River Delta Region, the Bohai Economic Rim and the Central Western Region.

The Hogan Lovells team was led by Hong Kong-based partner Terence Lau and U.S. securities partner Man Chiu Lee, supported by consultant Nelson Tang and associates Sheryl Cheung and Kevin Liu.

Commenting on the transaction, Terence said:
"This was the first mainland property developer listed in Hong Kong this year.  We are very pleased to have advised on the listing amid the tough market conditions."


About Hogan Lovells

Hogan Lovells is a leading global law firm providing business-oriented legal advice and high-quality service across its exceptional breadth of practices to clients around the world.

"Hogan Lovells" or the "firm" is an international legal practice that includes Hogan Lovells International LLP, Hogan Lovells US LLP and their affiliated businesses.

The word "partner" is used to refer to a member of Hogan Lovells International LLP or a partner of Hogan Lovells US LLP, or an employee or consultant with equivalent standing and qualifications, and to a partner, member, employee or consultant in any of their affiliated businesses who has equivalent standing. Where case studies are included, results achieved do not guarantee similar outcomes for other clients.

Kelsey Lau
Marketing Communications Manager, Asia
+852 2840 5909
Caroline Cheung
Senior Business Development Coordinator
+852 2840 5685